Renuka SugarStock is rising in a parallel channel on weekly timeframe.
It can be considered as a good investment as the price is at the important support trendline.
Disc-Not an Investment advice. This is just for educational purpose
RENUKA trade ideas
Short term swing tradesimple break-out swing trade for a 7-10% return.
enter in the trade after one more positive candle😀.
Ready to Fire 5-6% upside Trendline Breakout in Shri Renuka Sugars
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-6% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall
CMP- 61
Target Price 66
Note:- I am not SEBI Registered This Trade is only educational Purpose.
Swing Trade Renuka Sugar...Positional buy entry/ Target Mentioned although portfolio stock can keep with 2 year horizon for 3 to 4X profit Stoploss below 44
Triangle pattern breakout || Renuka SugarBuy at CMP of 62.5 for a target of 68 with a stop loss of 59.5.
LONG RENUKARenuka Sugar is making higher low formation with possible breakout and target zone would be 68
Stock for a short termChart -> Renuka Sugar Hourly
Renuka has given a good breakout after resisting from same resistance but making higher lows every time.
CMP: 59.30
Targets: 63.50, 66.70
SL: 57 hourly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
RENUKARENUKA:- Stock almost ready to give breakout after 11 years on monthly chart. keep on eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Shree Renuka Sugars - InvestmentPrice is trending up, taking the support of the trendline and it has formed a rounding bottom in weekly chart. There are two possiblities. Plan A : Price may sustain 58 - 62 with volume and move to 68,74 and 80. Or it may form a handle,retest the trend line and then from trend line support, will move upside. If the handle formation is bearish and break the trend line, fall below 48 - 52, then buying is not advisable. Plan B : If the price stays above 52 with bullish strength during handle formation, can go long with the stop loss of 49 for the targets 57, 64 and 70.
Renuka Sugar (Swing Trade for 3 to 6 months)NSE:RENUKA (Swing Trade for 3 to 6 months) Can generate a good ROI has come out from an HRC after a good consolidation.
Rounding Bottom on Renuka SugarRenuka Sugar trading in the trend line and forming rounding Bottom on weekly charts, closing above 63 will give high of 88, can buy above closing of Rs 63 on daily basis for short term.
Disclaimer: I am not SEBI registered and all the analysis is purely for educational purposes. Not a buy or sell recommendation. consult your financial adviser before entering any trade.
Shree Renuka Sugar crossing weekly resistanceAll details mentioned in the chart. Enter W the trade with your own analysis.
Learn and earn
Renuka Sugar Short Double top formation with momentum on downside.
Renuka Sugar has formed double top formation in daily time frame and Longterm investor should be cautious in this stock as major reversal may happen in this stock.
Momentum on down side is strong as RSI level is below 40 and volumes has been increasing in down trend.
Bullish trade should be avoided in this stock.
Investor should do their own analysis.
Happy Trading !!!!!
Shree Renuka SugarMultiple Higher lows..moving in channel...also cup formation waiting for handle confirmation....after handle formeds and Breakout happend abobe 63.50....it is confirm that this stock goes in long uptrend...
Shree Renuka sugarPlease note this is for education purpose only. Please do own research before you take a trade.
Renuka sugar stockRenuka sugar stock seems strong support level zone b/w 40.50 to 39.15.
Aggressive traders buy current price level with stop loss 39 rupees.
Conservative traders buy above 47.75 rupees.
short term target 50 to 53 rupees.
Symmetric triangle BOThis stock has broken a Symmetric triangle pattern on a daily timeframe and heading towards its resistance level of the long channel.
SHREE RENUKA SUGARS TARGET 70SHREE RENUKA SUGARS near to breakout monthly primary resistance trend. In weekly, it travels to resistance in an upward channel. If it breaks 54 and sustains it will reach 70
shree renuka sugar for positional tradeThis is only for education purpose only. Please check your own analysis before you take a trade
YR 2022 Idea #135: Long on RENUKAThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Renuka Sugars - LongRenuka Sugars is showing excellent strength in this tough times. Good volume activity is seen over past few months. Stock is testing monthly resistance levels 3rd time and a fresh demand zone is formed at 24-33 levels.
Renuka Sugars Symmetrical Triangle on 4hrs Time Frame , can breakout on any side , volume squeezed, watch for entry , Keep Your Stop loss.
